Streetbeat News

Revenues

BNRG

Brenmiller Energy has raised $2M through an ATM offering, totaling $10.8M for 2024, and signed a $1.05M private placement deal at a 52% premium. The company plans to avoid ATM sales below $3/share and focus on funding HaaS projects through third-party finance, with a potential $500M pipeline.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:37 pm

INBS

Intelligent Bio Solutions Inc. (NASDAQ:INBS) reported preliminary unaudited revenue for Q4 and FY24, showing significant growth of 64% and 148% year-over-year, respectively. The company also anticipates increases in cartridge and reader sales.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:34 pm

HYLN

Hyliion Holdings shares rose after securing a $15 million+ contract from the Office of Naval Research to develop the KARNO generator for Navy ships and stationary power applications.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:32 pm

AAPL

GOOGL

RBLX

SHOP

VO

VTI

Roblox Corp (NYSE:RBLX) is aiming for 1 billion users by collaborating with major companies like Apple, Alphabet, and Shopify. The company is introducing new tools and revenue-sharing models to attract more game developers. Roblox's stock has risen 53% in the past year.

Portfolio Pulse from Anusuya Lahiri

September 09, 2024 | 12:28 pm

KEY

KeyCorp has initiated a strategic repositioning of its available-for-sale investment securities portfolio by selling approximately $7 billion of low-yielding investment securities. This move is expected to result in an after-tax loss of about $700 million in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:26 pm

RELI

RELIW

Reliance Global Group, Inc. (NASDAQ:RELI) has revised the terms of its acquisition of Spetner Associates, reducing the upfront cash payment from $8 million to $5.5 million. The acquisition is expected to double Reliance's revenue and significantly boost EBITDA in 2024.

Portfolio Pulse from Anusuya Lahiri

September 09, 2024 | 12:17 pm

INTC

NVDA

Peter Schiff warns investors about the risks of irrational exuberance in tech stocks and cryptocurrencies, using Intel's decline as a cautionary tale. Intel has struggled due to product missteps and lack of vision, contrasting with Nvidia's success in AI. Intel's stock has significantly underperformed, and the company is considering cost-cutting measures.

Portfolio Pulse from Shanthi Rexaline

September 09, 2024 | 12:11 pm

CVX

DRIP

FANG

GUSH

MTDR

PR

XOM

Chevron and Exxon Mobil saw slight pre-market gains after last week's losses due to economic concerns. Direxion's leveraged oil ETFs, GUSH and DRIP, offer opportunities for bullish and bearish investors, respectively. GUSH is below key moving averages, while DRIP has gained due to falling oil prices.

Portfolio Pulse from Joshenomoto@benzinga.com

September 09, 2024 | 12:08 pm

OPTT

Ocean Power Technologies (OPTT) has completed a new unmanned surface vehicle for delivery to a Latin American customer, marking a major contractual milestone and triggering revenue recognition.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:05 pm

CWST

Casella Waste Systems is set to acquire Royal Carting and Welsh Sanitation, with the deal expected to close in Q4. The acquisition is projected to generate over $90 million in annualized revenue.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:03 pm